Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.30% | +0.03 | 1.27% |
| Return on Equity (%) | ▼ | 9.72% | -0.21 | 9.93% |
| Net Interest Margin (%) | ▲ | 5.15% | +0.11 | 5.03% |
| Efficiency Ratio (%) | ▲ | 67.69% | -0.45 | 68.15% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.11 | $2 |
| Cost of Funds (%) | ▲ | 1.23% | -0.15 | 1.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $373 | +25.70 | $348 |
| Gross Loans ($M) | ▲ | $316 | +19.68 | $296 |
| Loan Growth YoY (%) | ▲ | 106.01% | +1.81 | 104.20% |
| Total Deposits ($M) | ▲ | $297 | +13.58 | $283 |
| Shareholders Equity ($M) | ▲ | $51 | +5.47 | $45 |
| Tang. Book Value ($M) | ▲ | $51 | +5.47 | $45 |
| Loan / Deposit Ratio (%) | ▲ | 106.01% | +1.81 | 104.20% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.72% | +0.16 | 0.56% |
| Allowance / Loans (%) | — | 0.44% | 0.02% | 0.42% |
| Net Charge-Off Ratio (%) | ▼ | 0.82% | +0.19 | 0.64% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 23.61% | +0.66 | 22.95% |
Noninterest income ($0.72M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▆▇▇██ | Net Interest Margin (%) | 4.77% | 4.81% | 4.97% | 5.03% | 5.10% | 5.09% | 5.12% | 5.15% |
| ▂▁▅█▇▅▇█ | Return on Assets (%) | 0.97% | 0.93% | 1.13% | 1.27% | 1.22% | 1.13% | 1.22% | 1.30% |
| ▇█▃▁▃▅▂▁ | Efficiency Ratio (%) | 74.7% | 75.7% | 70.4% | 68.1% | 69.8% | 71.9% | 69.3% | 67.7% |
| ▆██▅▄▅▃▁ | Cost of Funds (%) | 1.43% | 1.50% | 1.47% | 1.38% | 1.34% | 1.38% | 1.31% | 1.23% |
| ▁▃▂▅▅▆██ | NPA / Assets (%) | 0.38% | 0.47% | 0.44% | 0.56% | 0.55% | 0.62% | 0.70% | 0.72% |
| ▁▂▂▅▅▆██ | Net Charge-Off Ratio (%) | 0.41% | 0.50% | 0.50% | 0.64% | 0.62% | 0.69% | 0.81% | 0.82% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $42 | $43 | $44 | $45 | $46 | $48 | $49 | $51 |
| ▁▂▂▃▅▇▇█ | Gross Loans ($M) | $287 | $292 | $293 | $296 | $305 | $310 | $312 | $316 |
| ▁▁▄▆▅▇██ | Total Deposits ($M) | $257 | $262 | $273 | $283 | $281 | $289 | $292 | $297 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 83% |
| Brokered / Other | 4% |